Following the receipt of the notification presented pursuant to Section 11-41-70 and after review by the Joint Bond Review Committee, and approval by the State Fiscal Accountability Authority, by resolution duly adopted, shall effect the issue of bonds, or pending the issue of the bonds, effect the issue of bond anticipation notes pursuant to Chapter 17 of this title.
HISTORY: 2002 Act No. 254, Section 1; 2014 Act No. 121 (S.22), Pt VII, Section 20.H.2, eff July 1, 2015.
Effect of Amendment
2014 Act No. 121, Section 20.H.2, substituted "review" for "approval" before "by the Joint Board", and substituted "and approval by the State Fiscal Accountability Authority" for "the State Budget and Control Board".
Structure South Carolina Code of Laws
Chapter 41 - State General Obligation Economic Development Bond Act
Section 11-41-10. Short title.
Section 11-41-20. Increase in general obligation debt limitation.
Section 11-41-30. Definitions.
Section 11-41-40. Issuance of bonds pursuant to chapter.
Section 11-41-60. Maximum annual debt service on bonds issued pursuant to chapter.
Section 11-41-70. Bond notification requirements.
Section 11-41-80. Adoption of resolution effecting issue of bonds.
Section 11-41-90. Authorizing resolution.
Section 11-41-100. Bond maturity date and terms; determination of interest rate.
Section 11-41-110. Bonds exempt from taxation.
Section 11-41-120. Executive signature and State seal requirements.
Section 11-41-130. Payment of principal and interest.
Section 11-41-140. Sale of bonds.
Section 11-41-150. Application of proceeds; liability of purchasers for misapplication.
Section 11-41-160. Purchase by fiduciaries.
Section 11-41-170. Expenditure of proceeds.
Section 11-41-180. Infrastructure procurement procedures for research universities.